Crypto Platform Suspends Operations After Wallet Breach Reports

The Block reports that the Banana Gun team is currently investigating reports of a user wallet breach and has temporarily shut down the platform.

Several community members have reported that wallets linked to the Banana Gun Telegram bot have been compromised, resulting in drained assets.

One community member, known as yannickcrypto.eth, stated that approximately 563 ETH (about $1.4 million) has been stolen so far, affecting 36 victims.

However, they noted that there isn’t enough evidence to confirm that Banana Gun itself was hacked.

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In response, the Banana Gun team has announced on Telegram that they are looking into the situation and have taken the bot offline.

While the incident has raised alarms among users, experts are advising caution when using the Banana Gun platform.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.